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did any good deal you want to make the other guy look good as much as you. ronald reagan said 80% is better than none at all. he was a pretty good president if memory serves me right. good night. would you rather depend on? private business or big@ government? and don't make another trade in the stock market until you hear our report. welcome to "the willis report." in europe, governments that have already gone over the the fiscal cliff. as president obama goaded congress today to make him ake up his offer on higher taxes. a wave of new protests swept through europe. governments have already failed their people. that is the choice we face tonight. either our elected officials bring order to our economy, or there wouldn't be any economy to worry about. as the president spoke today, the markets took a dive down 185 points. the dow jones is down nearly 700 points in the last six trading days since president obama was reelected. the nasdaq in a correction of nearly two thirds of the market also and correction teitory. it down more than 10% from recent highs. the markets seem to think
was no more responsible for what happened in benghazi than george bush was for september 11 or that ronald reagan was with the blowing up of the u.s. marine in beirut. >> shep: this just one of several hearings that were underway today. each focused on what went wrong in benghazi. katherine herrage live. it's my understanding that within the hour, we've learned some members of congress viewed a video of that attack happening in benghazi. >> the intelligence community put together a half hour video, composite from multiple video sources that shows the minutes before the attack, the militants overrunning the consulate, and the second wave of mortars that struck the c.i.a. annex. >> i mean, it's just so obvious to be so obvious to any inexperienced individual that this was purely a terrorist attack. >> fox news has told the c.i.a. is launching a preliminary investigation into the former director's conduct. the issue is whether any c.i.a. resources were used to facilitate the alleged affair between petraeus and his biographer, paula broadwell. the f.b.i. is already concluded that the former di
ago. >> social security, number one thing, we should create process like with ronald reagan. i think we should look at early retirement age and social security, which is currently 62, and look at ways to great incentives for people to work longer. create incentives for people to work longer. the retirement -- that has the joint beneficial effect of reducing social security costs, but also keeping people working longer, providing for their families and generating more income for the economy and for the treasury. i think there are other things you can do, but look, i am open to a conversation about this. when it comes to things like social security, again, you have got to take a mixed approach. look at simpson-bowles or others, they have a combination of revenue and spending reform. >> you are willing to at least look at that? >> i am willing to consider them as part of a possible plan, but i do not think we should jump to solutions, especially in medicare, that's simply transfer cost. in social security there are other ideas, some of which we discussed in the super committee. >> socia
in this room. what is important is what you have on the table would make ronald reagan look like a piker. he knows how hard it was, with some very good people. [laughter] the point is, in the fiscal cliff, you will not get any of this done. joe lieberman outlined the potential of approach. some cutting, some modest revenue. then you move back to regular order, which trent lott was talking about last year. then you need a mechanism to enforce the discipline. my worry is, you read the washington post report and, frankly, the people doing the negotiations on both sides do not know the basics. starting with the fact that you need one piece of paper, not competing pieces of paper. i would be worried about -- if these people just talked to each other as opposed to negotiating and pontificating on their positions, the president will be very tempted to let the tax cuts expire, it is not sustainable because of the alternative minimum tax and other things. that is a gutsy, given the state of the economy, and people need to be prepared for it. >> let's talk about the rest of the world. we want to ask t
's going on at and the party splitting again. they always quote ronald reagan, but he said not to speak ill of another republican. we keep forgetting that. we're not using a new technology. romney, i think there was prejudice in the party against his mormonism. i think a lot of evangelists stood back as they did when john mccain ran. we were 3 million votes down. i would like to hear what the other republicans have to say about that. i think bobby jindal is going down the wrong route in jumping on romney now. we had fractional primaries and that took a lot of steam out of romney and set us up for the democratic assaults. host: in georgia now, charles. caller: calling from cleveland, georgia. i believe the republican party pass to get back to the constitution. these undeclared wars have to stop. we threw away the ron paul supporters. we needed them to defeat obama. romney did not mention the constitution many times -excuse- me, i'm nervous. we have to go back to the constitution. if the republicans don't go by the constitution, they are no better than the democrats. host: plenty more time fo
petitions. they did not threaten third- party movements. in a nutshell, what ronald reagan understood was a conservatism was not defined by its resentment. but which actually had a smile on its face. much like reagan himself. that is why it into a curious sort of way, it seems republicans, not out of breath out -- not out of nostalgia am i think for conservatives you can do a lot worse thing go back and look at the real reagan. the pragmatic reagan. the reagan who was willing under certain circumstances to raise taxes. the reagan willing to put dick on his ticket in '76 or george bush four years later. >> the tax policies that some precedent. do you think the fiscal cliff and the presence of the debt ceiling are enough to overcome this culture of obstruction? >> i am not sure it will overcome the culture of destruction. that is in many ways an outgrowth of the political system that we have built. on the other hand, you may not have to overcome the culture of obstruction. only have to pick up -- pick off x number members of congress. >> he said it was time for republicans to stopping t
was it, 1982 or 1983, back in the 1980's, tip o'neill and ronald reagan got together and made adjustments to social security that saved the program. that's my point. sometimes you need to adjust and change to save the very thing you care most about. and so tip o'neill didn't sell out the democratic party by embracing that agreement. the democrats in congress, many of them very progressive at that time who supported it, didn't work traders to the party. if we do it in a responsible way, a balanced and doesn't just gut the programs and just not all entitlement reform with no revenue, i think the base of the party and leaders and organized labor will understand. they also know the alternative is doing nothing, with bad damage to jobs and the economy. and ultimately insolvency of these programs themselves, or. b, the right wing of the republicans are coming in and taking over because we have done nothing to solve the problem and their answer to the solution would be much more draconian. host: jack. he's our first phone call for the senator. republican. go ahead. caller: mr. bayh, one question
, it was 1987. ronald reagan was in the white house. over 18 years greenspan led the central bank of the world's chargest economy through good times and bad. now six years after he's left the job, his successor ben bernanke is warning of the danger of plunging over the fiscal cliff. i've been warning you about the catastrophic effects that could have on america's already fragile recovery. but some say that it's fear mongering. i spoke with allen greenspan who was in washington at a peterson foundation event to discuss the fiscal cliff and i asked him point blafrpnk, do you believe u.s. can go in a recession as a result of the fiscal cliff? >> most certainly. remember, all the forecasts come off models which didn't catch the 2008 crisis. and so you have to be very careful about using them to evaluate this type of problem. >> the last time washington faced the expiration of the bush era tax cuts in 2010, you said in interviews they should follow the law and let them expire for everyone. now putting aside the other parts of the fiscal cliff, do you still feel that all americans should see their i
that have returned on the principles of ronald reagan and thatcher and president and the czech republic and the pro free enterprise and sovereignty simply to fight back against the european within the elements of central and eastern europe to push back so it is an array of hope you didn't use the word insidious. >> i'm waiting for you to bring about. >> the example of why it won't work is the european union. >> you can organize the countries in the same continent that are supposed to be the same civilization how are you going to reconcile the this civilizations that it shouldn't stand. and it gets to double down now. now we need them in charge of all of the banks. in charge of all economic policy all budget policies. this is what the leaders are saying. so even though it doesn't work and doesn't -- the soviet union didn't work from 1917 to 1971. >> would you comment on any connections that you see between the groups that appear to have less concern about protecting the national borders and issues of sovereignty clacks >> i'm not quite following what you mean. >> do you have any thoughts
in this is when you have on the table in terms of tax reform, entitlement reform would make ronald reagan look like a piker. so alan murray wrote the classic book on tax reform. he knows how hard it was, with some or very good people. >> [inaudible] [laughter] >> so the point is, in the fess fess -- fiscal cliff or in this period you're not going to get my of this done. joe lieberman outlined what would be a potential approach. you do some sort of cutting, maybe a little bit of some modest revenue, you then move back to regular order which trent lott was talking about last year, but then you need some mechanism like a simpson-bowles ii to enforce the discipline. my worry is, and this is where i disagree with austan. you read bob woodward's book and "the washington post" reporting and, frankly, the people doing the negotiating up there on both sides don't know something about the basics of negotiation, starting with the fact that you need one piece of paper that says here's what we agree on and here's what we don't agree on. so the bottom line if i were a ceo, what i'd be worried about is if th
the republican party become a party again the way it was during ronald reagan? i feel that the republican party is just slowly and slowly becoming smaller and smaller and smaller party began throwing people out like me for approval to become republicans and you're not a real republican and things like that and the democratic party is doing the opposite. they were the small party, very small when the 70's and 80's and now they are the inclusive party. latinos are bringing in -- well, the blacks before hand bringing all these other groups in the republican party to switch and start to be more of an inclusive party. >> why don't we take the first question first and come back and close. >> the h-1b visa and the whole process is totally broken. the entire agricultural community, the entire community from growing fruits and such tools to working or anything come agricultural rights thousands and thousands are applied for less than 2% of the work force is improved, visa and a lot of the migratory while baseball there is a 50% work force with 100 percent of their visas are approved. who doesn't work fo
countries have transformed, reform, lower the rates. we haven't touched it since ronald reagan in 1986. bill clinton did raise it at one point but we haven't done anything to touch the rate and reform -- tecum from 16.5% to 15% which most of you are aware of because you do business there, and this capital investment is going to follow countries that have a more competitive environment in taxes is one of them's a we have to reform the tax code and when you do that you will get more revenue. it's guaranteed. again, as i was talking at earlier there are opportunities here for us as a country and if you look at the congressional budget analysts this and go to the tax committee analysis what tax reform could mean in the economic growth and all of them will lead to more growth with this corporate tax reform. estimate of the president says what he did last friday, this was fought over in the campaign and we fought over rising tax rates. jay carney said they would veto any bill that extends the current tax rate so if he insists that tax rates go out for those making over to under $50,000 will would
by finding common ground with the other side. ronald reagan did it with a democratic house after a resounding second term victory. as did bill clinton with the republican controlled house and republican controlled senate after a more resounding second term victory then president obama. both examples, both of them, illustrate the rare opportunity that divided government presents. president obama can follow suit or he can take the extremist view that both reagan and clinton rejected by founding his nose at the other side and insisting that if republicans are not willing to do things his way he will not do anything at all. if the president is serious, he will follow the lead of president reagan and clinton. if he is really serious, he will put the campaign rhetoric aside, propose a realistic resolution that can pass a republican controlled house and a divided senate, and work to get it done. if the president acts in this spirit, i have no doubt he will have the support of his own party and a willing partner in hours. the american people will criticize of relief knowing not only that we have avoi
income tax? [talking over each other] a big part of it was ronald reagan's in the reform act of 1886 that, you know, increased reductions and what have you. when i got out of school, probably before both of you were born, it was in the middle 20s. and the direction we are going, guys, it will be in the mid- 50s. in the argument of so-called fairness, we are telling, you know, the top few% that pay 43% of all taxes, it is only fair you pay more. i hope it will be a very welcome outcome. connell: largely, i am sure, it is 2% versus 98% when you pull it. it is very popular, the idea of raising taxes on the rich. they favor extending the bush tax cuts except for the wealthy. neil: you assume that the rich guy pay for it. what i would not do at that table, i would not -- about the appetizer. then, what happens is we penalize those who provide -- believe me, i am not one of these, by the way, nothing wrong with that. i just think it is a disjointed argument. one thing romney did get right, although he maybe did not articulate as well as he should have, it is about everyone having a stake in the
the rates. think about it. we haven't touched it since ronald reagan really. in 1986. bill clinton did raise the rate one point but we haven't done anything to touch our rate and reform our code. every other country, all of them have. taxes gone from 16% to 15%. you do business there. this flow of capital will follow countries that have more competitive environment and taxes are one of them. yes, we have to reform the tax code. when you do that, i will get more revenue. it is guaranteed. again, sort of as i was talking about earlier. this is opportunities here. this is opportunity for us as a country. if you look at the congressional budget analysis and joint tax committee analysis, what tax reform could mean in terms of macroeconomic impact and growth, all will lead to more growth, whether corporate tax reform or individual tax reform. >> right but if the president insists as he did last friday, this was fought over in the campaign and, fought over tax rates, rising tax rates, he didn't ice the words rates himself but jay carney, the white house press secretary said the president will veto
market freedom again. unfortunately governor romney didn't do it consistently will the way ronald reagan did in 1980. >> so you you blame romney for not doing a better job of -- >> if you don't define yourself, at the speech at the convention, five points which had no overall theme was almost shoved in at the end before he had a good first debate, but didn't follow through on it. >> how much of it is the idea that president obama was able to capitalize with women, was able to capitalize with hispanics, with other people who may have felt alien meanted? >> you define yourself. ronald reagan ran as a pro-life candidate. but, again, he defined a certain agenda. he set what is positive things on out there. if you don't, the other side will do it for you. so they got away with war on women and the idea that gm was a choice between liquidation and reorganization xhrks is wasn reorganization, which is wasn't. romney had a good plan that would have saved tax players $30 billion. >> so you don't think the platform of the party will be fundamentally a different platform? >> you don't have to chang
is the payback from party leaders? guest: there is change and then there is change. tip o'neill and ronald reagan got together and saved the program. sometimes you need to adjust to change the thing you care most about. tip o'neill did not sell off the democratic party by embracing that. if we do it in a responsible way that doesn't gut the program, i think the base of the party will understand. the alternative is doing nothing with bad damage to the economy, or the right wing of the republicans coming in and taking over and their answer to the solution would be much more draconian. host: jack in kentucky. caller: i have one question. can you guarantee -- guest: i thought you're going to ask why indiana university and kentucky and not playing basketball this year. for the first time they are now playing and we are rivals. i cannot talk about classified information on tv. things like stinger missiles are very problematic and we do everything we can to keep track of them. muammar gaddafi stockpiles of weapons, surface- to-air missiles and we're doing everything to track those down and secure them.
is ronald reagan. the numbers are still being counted in the west coast so it will be bigger. obama has the bigger margin of victory than george bush did in 2004. and remember that george bush declared himself a mandate into how. >> stephanie: how long bigger do you think the poplar vote margin would have been if it weren't to hurricane sandy. obviously the popular vote would have been bigger. >> caller: no, it's clear. i wouldn't be surprised if we get to a four-point margin. this is how good this is. we are close if it expands to half a percent, which is doable with the ballots in california arizona and washington and oregon. president obamamitt romney will have around 47% of the vote. >> stephanie: how ironic tee hee. congratulations on all your rightness and smartness. >> caller: thanks very much. >> what universe is dick morris not part of the media. he's complaining about the media and his mug is on fox news every five minutes. >> stephanie: myth busters is taking you to task for saying it's too landslides in a row. >> it's not two lan landslides in a row. >> stephanie: what do y
% interest rates gas lines, stagflation in 1888 different president. ronald reagan inherited a struggling economy. and reagan implemented policies 180 degrees opposite those of obama. incentive jacking up taxes, he slashed taxes. instead of exploding spending on the debt, he restrain the growth of spending and instead of unleashing the the regulators, by the way, what i think the regulators i can't help think of mr. burns saying release the hounds. [laughter] instead of releasing the hounds of regulators and small businesses a notch when there is, reagan limited regulation and the result was one of the most extraordinary burst of economic proactivity our nation has ever seen. the fourth-year regulation precisely corresponds to write here, the fourth year of obama's president be. anyone know what gdp growth was in 1984? 7.2%. our ideas work, their ideas don't. if you want growth, if you want jobs, if you want 23 million people struggling to find to get jobs, the answer is that the unique growth. they simplify the tax burden, reduce regulations and punching small businesses a notch for view
that to us when ronald reagan ran for reelection in 1984, the similar situation he raised money for his primary and the party come even though he took the public general election funding he attended for fundraisers in that year. what are we doing when we have the president running around? as i recall the nevada event after libya was a fundraiser. this is the fourth of his time in office is this election year and a spinning in a fundraisers. romney skeen skeen videotaped it is fundraisers talking about the 47% in a private room with people that's what they want to hear. that's who he's meeting with all the time. so this is a problem for both sides and were going to see the pressure in the house and senate races. >> we only have a minute left, but it does to hear if there is an action of some sort taken to compel disclosure or the higher degree of independence for whatever measures the face. the vision of the future two, three, four cyclists on the road butter politics is going to look like. you were describing a minute ago the growth of the party structure composed of these sorts of orga
possession. that was one of the solar panels that jimmy carter put on the white house in 1979 and ronald reagan took down in 1985 because he wanted manlier forms of energy. it's not that we lack -- germ and china have better technology. >> that and put it in his private museum in china? i love that story. >> we have the technology. we have the entrepreneurs. we just don't have the political will to do anything with it because we've got the koch brothers and exxon and everybody else in the way. >> we also have a reflexive ideological resistance to government playing a big role. i actually talked to mitt romney's policy director a few weeks before the election. i asked him, you know, what do you think government can do to make coal cleaner, carbon capturing sequestration by doesn't exist on a usable scale. he said i don't think government should play a role at all. there you go. there's the barrier. >> government should play no role except tonight provide massive subsidies to the fossil fuel industry decade after decade. >> can the subsidy for cleaner coal. >> this is where the tax extende
expect over the next few weeks. >> good morning, and i begin john -- ronald reagan national airport. as we look at the holiday fast approaching thanksgiving next week, we're apt -- anticipating a busy travel season and men and women of tsa are standing ready to provide the most effective security in the most efficient way. we are anticipating over 24 million passengers traveling during the thanks giving holiday period. as you know, that create challenges and opportunities for the traveling public. especially those who travel infrequent i are. part of the reason is to encourage the infrequent travelers to visit the tsa website to understands the screening security process that will help the others in line deal with the longers lines as we usually see. it's been a busy and productive year for tsa as we focus on developing and testing and implementing a number of what we call risk-based security initiatives. things that are enables us to provide the most effective security and efficient way. risk-based security or rbs in the passenger screening context allows the tso two of whom you wi
like ronald reagan, i'm not sure you can do that again. some of those policies were probably responsible for what happened in the '80s. those aren't going to happen this time. >> no, in the '90s, you mean. >> no, in the '80s. if jimmy carter had been reelected i'm not sure we would've had a great period in the 1980s. i'm not sure it's our birthright to have another great -- >> well, that was the whole thing. >> mike's not going anywhere. we're going to continue our conversation with him. up next, though, stocks you need to have in your portfolio for 2013 regardless of whether the economy spirals off the fiscal cliff. that means growth companies with lots of cash to buy back stock. the details on that next. but first, take a look at shares of abercrombie today. earnings sharply better than the street forecast. a & f raising guidance, stock trading higher on that news. and michael jeffries, the ceo of that company, got that airplane. what's the song they play on the airplane? it says "take me home"? take a look at futures this morning, s&p 500 looks like it'll open up about six
this benghazi thing. republicans have made such a big deal out of it. ronald reagan sent over 200 marines to their death and there was no public outrage. where is the republican outrage? only because of obama do we get this kind of reaction. thank you. host: edward, from miami, florida, this morning. another editorial, from being west, former infantryman. host: that is from the former assistant secretary of defense. we're taking your calls on this issue. b.j., good morning. caller: good morning. my question is, who is joe kelly? why would broadwell be sending her a threat in emails? host: do you think the senate needs to hold a hearing on this? caller: absolutely. i look forward to his testimony under oath this time, rather than giving the cock and bull story from before. it is all because of the video tape. now he cannot be blackmailed by anyone. host: joe kelly is described as a 37-year-old social liaison at the air force base in tampa. caller: did he have an affair with her? is that why he was so upset? host: you think these questions need to be looked up by congress? caller: i do not
, stagflation. in 1980, a very, very different president got elected. ronald reagan like barack obama inherited a struggling economy. and reagan implemented policies 180 degrees opposite those of obama. instead of jacking up taxes, he slashed taxes. instead of exploding spending and the debt, he restrained the growth of spending and instead of unleashing the hounds of regulators, by the way, when i think of regulators, i can't help thinking of mr. burns saying "release the hounds!" [laughter] >> instead of releasing the hounds of regulators on small businesses and entrepreneurs, reagan limited regulation and the result was one of the most extraordinary bursts of economic productivity our nation has ever seen. the fourth year of reagan's presidency was 1984, the same as the fourth year of obama's presidency. anyone know what g.d.p. growth was in 1984, 7.2%. our ideas work. their ideas don't. if you want growth, if you want jobs. if you want the 23 million people struggling to find work to get jobs, the answer is simple. you need growth and to get growth, you got to reduce and simplify the tax bu
, it tried to put facts behind ronald reagan saying we fought a war on poverty and poverty won. he basically argued the welfare state had hurt poor people particularly african-americans by discouraging marriage, encouraging laziness, encouraging people to have children out-of-wedlock. he put all the blame on poverty programs. as i was writing this book charles murray writes another book called coming apart:the state of white america and charles murray is now basically saying the same thing about white lower class, really working class men, white men, that he was saying about african-americans in the 80s, that they are working less and getting married less frequently not because of any change in the economy or in culture but because they can be supported by government. he also blamed feminism and that is very interesting. he really has an analysis that says working-class white people struggling because they are lazy and don't get married and hook up. so i started to think white people are starting to say the same thing about you, so mitt romney's 47% remark where he was talking about a majori
Search Results 0 to 28 of about 29 (some duplicates have been removed)